Rhode Island-based real estate developer/hotelier, The Procaccianti Group, has acquired two New York City hotels; the 300-room Tudor Hotel at The United Nations and the 227-room Holiday Inn SoHo. Located in Midtown Manhattan, The Tudor Hotel at the United Nations – which will get $8-10 million in investment to upgrade the guest rooms and other public spaces – is listed on the National Register of Historic Places as part of the Tudor City historic area and is in close proximity to several of Manhattan’s major demand generators including the United Nations, Grand Central Station, the Midtown business district, Midtown East and Upper East Side residential neighborhoods. The Holiday Inn SoHo, on the other hand, is located in the heart of Downtown Manhattan, in the dynamic SoHo neighborhood one of the most renowned shopping and entertainment districts in the City.
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